{"schema_version":"secwatch.filing_event.v1","accession":"0000067215-25-000075","form_type":"8-K","ticker":"DY","cik":"0000067215","company_name":"DYCOM INDUSTRIES INC","filed_at":"2025-11-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.918927+00:00","generated_at":"2026-05-16T18:37:50.493055+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Dycom Industries to buy Power Solutions for $1.95B, gains data center electrical contracting","bullets":["Purchase price $1.95B: ~$293M Dycom stock (1,011,069 shares) + cash; expected close before fiscal year end.","Power Solutions generates ~$1B revenue (2025E), >$1B backlog, mid-to-high teens adjusted EBITDA margins.","Deal immediately accretive to adjusted EBITDA margin and adjusted EPS; pro forma net leverage <3.0x at close, expected to de-lever to ~2.0x in 12-18 months.","Adds 2,800+ skilled employees; Power Solutions retains brand and management in Bowie, MD.","Committed financing: $1B term loan A, $700M bridge loan, $445M backstop facility from Bank of America and Goldman Sachs."],"urls":{"canonical":"https://secwatch.observer/filing/0000067215-25-000075","json":"https://secwatch.observer/filing/0000067215-25-000075.json","markdown":"https://secwatch.observer/filing/0000067215-25-000075.md","text":"https://secwatch.observer/filing/0000067215-25-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/67215/000006721525000075/0000067215-25-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/67215/000006721525000075/dy-20251118.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:37:50.493055+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}